New York’s chief equity officer at the state Office of Cannabis Management submitted his formal resignation, effective Nov. 27, despite being exonerated by an inspector general investigation which found he was innocent of charges that he retaliated against a marijuana company. Damian Fagon was put on administrative leave from his …
Tag: Northeast
MedMen sued for unpaid rent in New York after receiver shutters all state facilities
As a California-based court-appointed receiver continues working to get MedMen creditors paid and debts settled, one of the company’s former landlords in a suburb of Buffalo has filed suit against the defunct multistate operator for almost $70,000 in unpaid rent and related bills. MedMen went belly-up earlier this year, and …
The Daily Hit: September 19, 2024
The Daily Hit is a recap of the top financial news stories for Thursday, September 19, 2024. On the Site In sudden move, Ayr Wellness’ CEO David Goubert is out The move has caught investors by surprise. Read more here. Georgia pharmacy launches medical marijuana sales in defiance of DEA …
Georgia pharmacy launches medical marijuana sales in defiance of DEA warning
A licensed pharmacy in the Georgia city of Augusta – population 202,000 – is bucking the federal government’s wishes and has begun offering low-THC medical marijuana for sale, per state rules approved last year to let the traditional drug-dispensing businesses in on the cannabis trade. However, the U.S. Drug Enforcement …